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Snowflake shares jump 23% after beating earnings and raising AI-driven revenue forecasts

Company Fundamentals
03 Sep 2026
Proactive Investors
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Bullish
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Snowflake Inc reported adjusted earnings per share of 62 cents, surpassing the 45 cents expected by analysts, with quarterly revenue of $1.55 billion beating estimates. The company's net loss narrowed significantly to $191.7 million from $297.9 million a year earlier. Growth in its AI coding tool, CoCo, which now has 9,100 accounts, helped drive strong demand. Snowflake raised its full-year product revenue forecast to $6.07 billion and increased its operating margin guidance, signaling accelerating growth in data and AI services despite broader sector challenges.

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Snowflake beats Q2 earnings and revenue estimates, shares jump 23% amid AI growth.

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